We have a bunch of idiots on the media who people love them and listen them, No.I idiot is Jim Cramer. Today, he comes out and says S-E-L-L everything you have. He told after market already been down. Few years back, I thought he was a smart guy, apparently he is totally worthless; but the tragedy is people listening him. He has a media power.
Anyway, the market is down a way down than anyone expected. And one fact is Market alway over-react whether in up trend or down trend. There is a good news and bad news, but bad news are on win as it is bear market. I am not sure if this is capitulation. The world is not going to end. I am holding tight and keep my finger cross.
Monday, October 06, 2008
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